Priscilla Presley Net Worth (Money & Salary)

Priscilla Presley’s Net Worth: What is it?

Priscilla Presley, an American actress and entrepreneur, boasts a net worth of $10 million. She is primarily recognized for her marriage to Elvis Presley. As an actress, her notable roles include the “Naked Gun” film trilogy and the TV series “Dallas.” In 1981, Priscilla established Elvis Presley Enterprises and managed the company until the late 1980s. Additionally, she is an author, and her memoir, “Elvis and Me: The True Story of the Love Between Priscilla Presley and the King of Rock N’ Roll,” published in 1985, became a New York Times bestseller.

As we elaborate in the section below, Priscilla served solely as the trustee of Elvis’ estate from his passing in 1977 until Lisa Marie’s 25th birthday in 1990. The financial state of the estate was chaotic throughout much of the decade that followed Elvis’ death. Eventually, through licensing agreements and asset sales, recovery was achieved, yet Priscilla did not significantly benefit from these efforts.

After Lisa Marie Presley’s unexpected passing in January 2023, Priscilla’s granddaughter, Riley Keough, was appointed as the trust controller for Elvis’ Graceland mansion and granted a 15% stake in the late singer’s estate. This decision reportedly enraged Priscilla and triggered a dispute over a $35 million trust fund. Nonetheless, Priscilla Presley later expressed her thoughts on the situation, describing the legal conflict as “a bunch of BS,” and the matter was resolved outside of court.

Estates of Elvis & Lisa Marie

Following Elvis’ death in 1977 at 42, he bequeathed his entire estate to his daughter, Lisa Marie Presley, with Priscilla acting as trustee. Unfortunately, upon his passing, the estate was in serious financial trouble, valued at only $1 million at the time. Upon reaching her 25th birthday, Lisa gained full ownership of the estate, which had appreciated to $100 million by then.

In 2005, Lisa sold off an 85% share in Elvis Presley Enterprises for a one-time payment of $100 million, while retaining full ownership of Graceland.

Tragically, Lisa Marie died unexpectedly in January 2023 at the age of 54. In 2016, she modified her will, excluding her mother and appointing her two oldest children, Benjamin and Riley Keough, as her sole trustees. Following Benjamin’s heartbreaking suicide in 2020, Riley became the sole trustee after Lisa Marie’s death. Riley has twin half-siblings from Lisa Marie’s relationship with Michael Lockwood. These twins, who were minors at the time of Lisa Marie’s death, are expected to inherit a share of the Elvis estate as well.

Priscilla made an attempt to prevent Riley from becoming the sole heir to Lisa Marie’s estate. In her petition, she highlighted that her name was misspelled at least once in the revised 2016 will and noted discrepancies in Lisa Marie’s signature compared to previous ones. Ultimately, Riley and Priscilla resolved the issue amicably outside of court, with Priscilla reportedly receiving a share of Lisa Marie’s $35 million life insurance payouts.

Allegations of Financial Troubles

A lawsuit filed in February 2024 by a former business associate claimed that the associate joined Priscilla’s team in 2022 to assist her, as she was purportedly facing imminent financial distress with $700,000 in unpaid tax liabilities and lacking a stable source of income. The associate claimed the intention was to avert “Priscilla’s financial ruin and public humiliation.” In response, Priscilla’s legal team asserted that during their collaboration, the former associate and another individual attempted to “misappropriate Ms. Presley’s assets and engaged in other misconduct.”

As a point of context, in late 2020, Priscilla sold a home in Beverly Hills, which she had owned since 1977, for $13 million, and shortly after, purchased a penthouse in Los Angeles for $5 million.

Priscilla’s Early Life

Born Priscilla Ann Wagner on May 24, 1945, in Brooklyn, New York, Priscilla Presley was the daughter of Ann, who was just 19 years old at the time of her birth. Her father, James, a Navy pilot, perished in a plane crash when Priscilla was only six months old. In 1948, Ann married Air Force officer Paul Beaulieu, and Priscilla subsequently adopted his last name. Due to Beaulieu’s military career, the family relocated frequently, leading Priscilla to grow up in Connecticut, New Mexico, Maine, and Texas. After being transferred to Germany in 1956, Priscilla encountered Elvis Presley, who was on active duty at that time.

Her Relationship with Elvis Presley

Priscilla first met Elvis at a gathering at his residence in Bad Nauheim, Germany, in September 1959. Although her parents were not supportive of their relationship due to the age difference—Priscilla being 14 and Elvis 24—they were persuaded when Elvis appeared at their home in uniform. Elvis departed West Germany in March 1960 but remained in contact with Priscilla by phone until she ultimately visited him in Los Angeles in 1962. In March 1963, Priscilla moved to Memphis, Tennessee, agreeing to finish her education at Immaculate Conception High School while living with Elvis’ father and stepmother, who resided nearby Graceland. Although she wished to accompany Elvis during his filming in Hollywood, he advised her to remain in Memphis. The media reported on his rumored relationship with his “Viva Las Vegas” co-star Ann-Margaret, and when Priscilla confronted him, he explained it was merely a rumor aimed at promoting the film. (Elvis would subsequently engage in numerous affairs with his co-stars throughout his relationship with Priscilla.)

On May 1, 1967, Priscilla and Elvis exchanged vows in a brief 8-minute ceremony in Las Vegas; their daughter, Lisa Marie, was born on February 1, 1968. In 1968, Priscilla took private dance lessons and began an affair with her instructor, leading her to realize the unfulfilling nature of her marriage. At Elvis’ suggestion, she also trained in karate and initiated another affair with her instructor, Mike Stone. Priscilla later expressed feeling unsatisfied both physically and emotionally in her marriage. The couple separated in February 1972, and Elvis once expressed a desire for Stone to be harmed but ultimately did nothing when his bodyguard broached the possibility of a contract killing. They finalized their divorce on October 9, 1973, agreeing on shared custody of Lisa Marie. Priscilla received a cash payment of $725,000, child support, spousal support, half of the proceeds from the sale of their Beverly Hills home, and 5% of the royalties from Elvis’ publishing ventures.

Priscilla’s Career

In 1973, Priscilla collaborated with her friend and stylist Olivia Bis to open the Bis & Beau clothing boutique in Los Angeles, which was popular among celebrities like Cher, Barbra Streisand, and Natalie Wood, until its closure in 1976. After Elvis’ death in 1977, Priscilla was appointed executor of her daughter Lisa Marie’s estate. When she recognized that a significant portion of Lisa’s inheritance would go towards maintaining Graceland (including upkeep, taxes, etc.), she transformed Graceland into a flourishing tourist destination with assistance from CEO Jack Soden. Graceland officially opened its doors on June 7, 1982, and became a beloved site for Elvis fans; it was declared a National Historic Landmark in 2006 and now attracts over 650,000 visitors annually. Priscilla

served as chairwoman and president of Elvis Presley Enterprises, with the estate’s worth surpassing $100 million by the time Lisa Marie Presley officially inherited it in 1993.

Priscilla’s entrepreneurial pursuits also cover a fragrance and linens line, alongside producing various film and television projects, such as “Elvis and Me” (1988), “Breakfast with Einstein” (1998), “Finding Graceland” (1998), and the forthcoming Netflix adult animated series “Agent King.” In 2000, she became a member of Metro-Goldwyn-Mayer’s board of directors, alongside being a regular cast member on “Dallas” (1983-1988) and appearing in all three films of “The Naked Gun” franchise as Jane Spencer, the romantic interest of Leslie Nielsen’s Lt. Frank Drebin. Although offered a leading role in “Charlie’s Angels,” Priscilla chose to decline.

Personal Life

After her divorce, Priscilla entered a relationship with Mike Stone that lasted until 1975. From 1978 to 1985, she dated male model Michael Edwards but ended the relationship due to Edwards’ inappropriate behavior towards Lisa Marie, who was still a teenager at that time. Following this, she was in a 22-year relationship with screenwriter and computer programmer Marco Garibaldi, and they welcomed their son Navarone on March 1, 1987. Priscilla and Marco parted ways in 2006, and she subsequently dated TV executive Nigel Lythgoe from 2006 to 2009. Additionally, she has been linked to lawyer Robert Kardashian and photographer Terry O’Neill.

Priscilla has four grandchildren through Lisa Marie, including actress Riley Keough. Sadly, her grandson, Benjamin Keough, passed away by suicide in July 2020. In 2022, Priscilla Presley became a great-grandmother thanks to Riley.

Lisa Marie Presley, Priscilla’s daughter, tragically died from a heart attack on January 12, 2023, at the age of 54.

Since 2003, Presley has acted as the Ambassador for the Dream Foundation, an organization that grants wishes to terminally ill adults.

Real Estate

In 1976, Presley acquired a home for her parents in Los Angeles for $170,000, which she later sold in 2019 for $3.9 million.

For many years, she owned a 7,000-square-foot residence in Beverly Hills, which she moved into immediately after her divorce from Elvis. The Italian-style villa, originally built in 1951, has undergone significant renovations at least once since its construction. It features seven bedrooms and eight and a half bathrooms, situated on a one-acre lot secured by a large gate for privacy. In August 2020, Priscilla listed this Beverly Hills property for an impressive $16 million and successfully sold it in December 2020 for $13 million.

In January 2021, she purchased a penthouse in Century City, California, for just under $5 million.